Four Points Opening This Summer

5 March 2003

WHITE PLAINS, N.Y., Mar 5, 2003 (BUSINESS WIRE)—Four Points by Sheraton and parent company, Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT), announce the brand`s first New York City property, Four Points by Sheraton Manhattan, slated for a July `03 opening.
The newly-built 158-room Four Points by Sheraton Manhattan will be located in the fashionable Chelsea district of Manhattan, known for its multitude of galleries, eclectic nightlife, outstanding restaurants and shopping. The hotel is owned by Chelsea Grand, LLC and operated by Interstate Hotels. Continuing its rapid growth plan, Four Points by Sheraton added additional properties last year in Woburn, Massachusetts; Detroit, Michigan; Fairview Heights, Illinois and Wichita, Kansas.
With an already strong presence in the U.S., Canada, Asia-Pacific and Latin America, the Four Points by Sheraton brand continues to make gains internationally with new openings planned for 2003 in Egypt, China, Paraguay and Uruguay.
“Adding these Four Points by Sheraton properties confirms our commitment to meet the demand for quality full service hotels in the mid-priced market, a true distinction for the brand,” said Hoyt Harper, the brand`s senior vice president. “Bringing the Four Points by Sheraton brand to Manhattan will add great value to Starwood`s already strong presence in New York City. Since its inception in 1995, the Four Points by Sheraton brand has grown to 153 properties in 16 countries and is gaining the recognition it deserves as the mid-scale brand for business and leisure travelers, as well as the meetings market.”
Starwood Hotels & Resorts is the largest hotel operator in New York City with eleven properties including the Sheraton New York Hotel & Towers, The St. Regis, The Westin New York at Times Square and the newest of its five W hotels in New York, W New York - Times Square.
Located on the south side of West 25th Street between 6th and 7th Avenues, the 21-story, 158-room, Four Points by Sheraton Manhattan will feature a traditional brick and stucco exterior with a chic vintage interior and all of the quality guest services and amenities of the Four Points by Sheraton brand. Chelsea is well known for its art galleries, designers, restaurants, bars and lounges. The hotel is located within a 1 1/2 mile radius of almost every major business sector in New York and is near FIT (Fashion Institute and Technology), the fur district, the toy and gift district and the garden district.
Four Points by Sheraton hotels are located primarily at airports, in mid-sized cities, leisure destinations, and business and commercial centers on the perimeters of major metropolitan areas. Catering to business and leisure travelers as well as meeting planners seeking a mid-priced, full service quality product, all hotels feature an on-premise restaurant and lounge serving three meals a day; room service with a 30-minute guarantee; fitness facility; and business services and meeting space with full catering facilities. Guest rooms are spacious with a comfortable workspace and two telephones with dataport and additional comforts sought after by business and leisure travelers today. Other guest services include same-day laundry and dry cleaning service and delivery.
Four Points by Sheraton, Starwood`s fastest growing brand, expanded its portfolio in 2002 in key U.S. locations with the following hotel openings:
Four Points by Sheraton Woburn : The Four Points by Sheraton Woburn in Massachusetts is located just 15 miles from Logan Airport and convenient to all major corporations and local Boston attractions. The property, owned and managed by Remington Hotels, features 99 newly renovated guest rooms, a heated indoor swimming pool and seven meeting rooms with more than 8,000 square feet of space.
Four Points by Sheraton Hotel & Suites Detroit North : Located in the heart of the Warren business district and across the street from the General Motors Technical Headquarters, the 127-rooom Four Points by Sheraton Hotel & Suites Detroit North is newly renovated, featuring 23 suites and an indoor heated swimming pool with poolside Jacuzzi. The property is owned and managed by Four Tower, LLC.
Four Points by Sheraton Wichita Airport : Conveniently located to the airport, the Four Points by Sheraton Wichita Airport offers extensive meeting and event facilities. Following a $5 million renovation, the hotel features 202 rooms including four bi-level suites, a presidential suite with patio and a honeymoon suite. The property is managed by Platinum Hotels.
Four Points by Sheraton Fairview Heights: Four Points by Sheraton Fairview Heights, Illinois, owned and managed by Lodging Hospitality Management, is a newly built 120-room hotel, including 21 suites. The hotel is connected to the Fountains Conference Center and is located just 12 miles from downtown St. Louis. Guest services include an indoor heated pool and whirlpool, exercise room, business center and Sundry shop. Along with 9,600 square feet of meeting space, the hotel also boasts an 8,500-square-foot ballroom.
Four Points by Sheraton, with more than 150 properties in 16 countries is owned by Starwood Hotels & Resorts Worldwide, Inc. and was voted the number one mid-priced hotel brand two years in a row by Business Travel News` “Annual U.S. Hotel Chain Survey.” Starwood Hotels & Resorts is one of the leading hotel and leisure companies in the world with more than 750 properties in 80 countries and 110,000 employees at its owned and managed properties. With internationally renowned brands, Starwood is a fully integrated owner, operator and franchisor of hotels and resorts including: St. Regis, The Luxury Collection, Sheraton, Westin, Four Points by Sheraton, W brands, as well as Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwood.com ——-